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Layoffs at Wesgroup Add to Vancouver Condo Industry’s Woes - Metro Vancouver News

VANCOUVER AND METRO VANCOUVER AREA, BRITISH COLUMBIA, CANADA, JUN 20 – Wesgroup Properties cites rising construction and borrowing costs plus stalled condo sales as reasons for layoffs and project delays amid housing market challenges.

Summary by castanet.net
Vancouver developer Wesgroup Properties LP is delaying some projects and laying off an unspecified number of its employees, the company's president and CEO said on social media Thursday. 'Due to the unprecedented and compounding challenges facing the real estate industry, including prolonged economi...

7 Articles

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Reposted by
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Center

Vancouver software company Klue Labs cutting work force in half for AI reboot

About 100 people could be affected as the organization seeks to restructure

·Canada
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The ProvinceThe Province
Reposted by
Vancouver SunVancouver Sun
Lean Right

Another one of Metro Vancouver's biggest developers announces layoffs

Wesgroup Properties LP has announced it is cutting 12 per cent of its workforce during what its CEO called "a cost of delivery crisis."

·British Columbia, Canada
Read Full Article
castanet.netcastanet.net
Center

Layoffs at Wesgroup add to Vancouver condo industry’s woes - Metro Vancouver News

Vancouver developer Wesgroup Properties LP is delaying some projects and laying off an unspecified number of its employees, the company's president and CEO said on social media Thursday. 'Due to the unprecedented and compounding challenges facing the real estate industry, including prolonged economi...

·Kelowna, Canada
Read Full Article
City NewsCity News
Center

Major B.C. real estate developer announces layoffs

One of British Columbia's biggest real estate developers has announced it is being forced to lay off staff.

·Toronto, Canada
Read Full Article
Daily HiveDaily Hive
Lean Left

Major Vancouver-based real estate developer announces 'difficult' layoffs

Vancouver-based developer Wesgroup Properties has announced layoffs, citing the challenging market conditions and cost of construction.

·Canada
Read Full Article
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Daily Hive broke the news in Canada on Friday, June 20, 2025.
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